Consignment Inventory--How to Handle in BMS The process for consignment at this time is to prepare and order the Purchase Order in BMS, but leave the material un-received on the PO until the item is sold. You will then create a monthly invoice (“Jan20Con” for January 2020 Consignment as an example) in BMS and when the sold items are received, they will be job costed on that monthly Invoice and then carried through to accounting and financials.
When you need to do a physical inventory count of what you should have on the shelf, be sure to match to the un-received quantities on the consignment PO.
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